Brussels, 01/10/2013 (Agence Europe) - The European Banking Authority (EBA) is concerned about the impact on its mediation work of the high degree of flexibility granted in some financial legislation, such as the bank resolution system currently under negotiation.
“The degree of national flexibility in key legislative provisions can be very detrimental to achievement of the objectives assigned to the EBA; for example, it is very difficult for us to perform mediation in the area of recovery...